alt Hacker NewsAfter a lackluster year the market did NOT like this move at all.
Replies
kristofferc • today at 7:56 PM
Down 2% in the last 5 days?
gbacon • today at 4:51 PM
Had to be expected. Buffett was a once in several generations talent.
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After a lackluster year the market did NOT like this move at all.
Down 2% in the last 5 days?
Had to be expected. Buffett was a once in several generations talent.
This is classic Buffett year, being fearful when others are greedy & building a massive war chest for when a correction inevitably occurs.
When it comes to Buffett (and Berkshire), it's really only reasonable to look at 5-year returns. 1-year or YTD are too susceptible to market sentiment rather than true value. Eg the Buffett indicator (stock market value / GDP) is 2x std dev above the norm right now -- way overpriced by historical standards.